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PARKD Ltd (“PARKD” or the “Company”) (ASX: PKD) is pleased to announce it is has entered an exclusivity agreement with Fielders Steel Roofing (Fielders) (a division of BlueScope Steel Limited (ASX: BSL)) (Exclusivity Agreement) in respect of the proposed licencing of PARKD’s Metal Deck Support System IP.
Highlights
- Exclusivity Agreement provides for a 120-day exclusivity period to finalise due diligence and a binding licencing agreement
- Exclusivity Agreement contains non-binding commercial licencing terms
- PARKD and Fielders have identified several opportunities to combine their individual Intellectual Property to develop a structural system that will greatly simplify construction methodology.
- The System will achieve improved structural performance, construction efficiency & productivity suitable for multi-level car parks, residential and commercial buildings.
As announced on 25 November 2022, PARKD and Fielders partnered to assess the potential to integrate Fielders’ high performing metal deck slab system, Slimdek, with PARKD’s Metal Deck Support System and its Patented CVBTM to create a superior low carbon solution for construction of Car Park and Commercial Developments. The Exclusivity Agreement follows joint R&D outcomes as outlined in the previous announcement of 2 May 2023.
Fielders has a 120 day exclusivity period (for nominal consideration) to complete technical and legal due diligence and for the parties to finalise binding terms of a Licensing Agreement.
The Exclusivity Agreement was agreed following an initial engineering technical assessment period where the companies undertook:
- Research and Development demonstrating the veracity of the IP performance through testing conducted by Curtin University’s School of Civil and Mechanical Engineering Structural Testing Laboratory (Refer Images 1 to 3);
- Manufacturing Supply Chain Assessment to determine unit costs and productivity scaling; and
- Engineering design review and compliance with the Australian National Construction Code.
Other than the 120 day exclusivity period (which is legally binding), the Exclusivity Agreement contemplates non-binding terms and conditions for PARKD to license its IP to Fielders for distribution, sale, market and manufacture under commercial Licensing Terms and Conditions to be agreed. The Exclusivity Agreement contemplates that the binding agreement will include the following considerations:
- License Rights
- Royalty
- Supply Cost
- Regional Territory
- Competition
- Performance
Image 3. Live Load performance testing
The MoU signed by the two companies (refer to the Company’s announcement dated 25 November 2022) was entered into after identifying the exciting potential for their respective IP technologies to offer the Australian construction market a system of building that could be “flat packed” and installed on projects without the need for specialised labour or subcontractors.
The Company considers that the signing of the Exclusivity Agreement represents a significant step forward towards a formal licencing agreement for national manufacturing and sale of IP owned by PARKD. The non-binding initial terms set-out percentage-based royalty payments that have the potential to scale the nature of PARKD’s current business and income streams.
There are no conditions precedent to the Exclusivity Agreement, however, investors should note that there is no guarantee that a formal binding agreement will be reached between the parties.
Click here for the full ASX Release
This article includes content from PARKD, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
SensOre
Overview
Australia is already a particularly well-invested and well-established region for mining operations. Western Australia is particularly impressive, contributing to 63 percent of the country’s total mineral exploration expenditure. Australia is also one of the top five producers of minerals in the world for resources like alumina, lithium, zinc and manganese among others, with significant resources found in Western Australia. Given that mineral demand is on the rise and expected to continue to increase, there is a present and future opportunity for mineral exploration in Australia.
SensOre (ASX:S3N) is an Australia-based minerals-targeting company working to meet the need for better mining exploration methods and has the advantage of running its operations out of Western Australia. SensOre aims to combine its proprietary artificial intelligence (AI) and machine learning (ML) enhanced technology with its significant geoscientific experience and big data to become the top minerals-targeting company in the world. CEO Richard Taylor describes this combination as a means of “surgical exploration reducing costs, especially in drilling.”
Today, mining exploration is of critical importance to the establishment of mines and the acquisition of minerals for various products. However, exploration is often a costly and time-consuming business that is highly regulated by the government. The Victoria State Government, located in the Australian capital Melbourne, reported that fewer than 1 percent of all exploration targets become mines. Even worse, typical mineral exploration only involves 20 percent to 40 percent of the available data and is subject to human biases that could potentially negatively affect outcomes.
SensOre applies AI/ML algorithms to what is known as a Data Cube, which is a constantly updating and verified repository of over 60 billion data points, to predict the locations of mineral deposits all while determining the economic viability of deposits and minimizing environmental impact. Furthermore, SensOre uses its technology to explore new targets that share similarities to already established mines. In doing so, SensOre’s Data Cube and Discriminant Predictive Targeting Technology (DPT) were designed to help mineral companies better analyze where and how to explore, therefore allowing mining exploration to be more timely, cost-effective and reduce land disturbance.
SensOre has been working with mining corporations to aid in exploration using its AI and ML-based technologies.
In 2023, Gateway Mining (ASX:GML) executed a farm-in joint venture agreement with SensOre to evaluate and target the lithium exploration potential at Gateway’s flagship Montague Gold project in WA’s Murchison region. SensOre’s DPT technology will generate targets and explore selected tenements within the Montague Gold project for lithium-focused exploration for up to $4.5 million over 4.5 years, earning 80 percent of the lithium rights at the Montague Gold project.
Exploration Ventures AI (EXAI), SensOre’s subsidiary, has an agreement with Venture Minerals (ASX:VMS) to farm into the Golden Grove North project to identify copper (VMS) and lithium potential. EXAI may earn 70 percent in all mineral rights (excluding rare earths) by expending up to $4.5 million in two stages - $1.5 million to earn 51 percent over two years and $3 million for an additional 19 percent.
EXAI also completed a farm-in agreement with Firetail Resources (ASX: FTL) which allows EXAI to earn up to 80 percent of lithium rights on E59/E2252 by spending $3.5 million in two stages. Additional considerations of up to $600,000 will be paid by the company upon the delivery of a maiden mineral resource estimate (MRE) and pre-feasibility study (PFS). Under the terms of the agreement, SensOre will provide Firetail access to its proprietary AI technology across the Yalgoo and Dalgaranga Lithium Projects.
SensOre also collaborated with Stelar Metals (ASX:SLB) for the completion of research under their data sharing agreement, developing innovative lithium targeting tools and deploying the newly completed SensOre NSW data cube. The research revealed new areas of high LCT-pegmatite prospectivity along a NNW-SSE trend. The collaboration also aimed to deploy AI/ML applications on surface geochemistry and high-resolution geophysical techniques in support of lithium exploration.
The company has the potential to optimize mining exploration in a significant way through its proprietary technology and the Data Cube. This is only further compounded by Australia’s established mining industry and abundance of batteries and other precious metals.
Company Highlights
- SensOre is leveraging proprietary technology, big data analytics and extensive technical expertise to optimize every aspect of mining exploration.
- The company is a mineral-targeting firm operating out of Australia, with a particular emphasis on discovering precious and battery metals.
- SensOre has developed a suite of advanced technologies that aim to streamline mineral exploration through predictive targeting, organizing geoscience data and platforms powered by machine learning technology.
- The company’s Data Cube leverages over 60 billion data points across more than 2,400 layers to predict and determine deposit data layer correlations.
- Discriminant Predictive Targeting Technology (DPT) improves the way mining companies integrate, interrogate and analyze geoscience data, providing them with deep insights into where and how they should explore
Key Assets
Proprietary Technology Suite
A large portion of SensOre’s success can be attributed to its proprietary suite of mining technologies, which include predictive targeting, big data analytics, and machine learning platforms.
- DPT Technology: The company’s DPT technology uses the Data Cube to make predictions for the location, size, grade, and depth of a potential deposit.
- Discoveries Database: An evolving database that leverages public mineral deposit and occurrence data to improve the prospectivity mapping process and DPT platform.
- Data Cube: This streamlined repository of cleaned and leveled geoscience data uses public and proprietary geochemical, geophysical, and geological data obtained by the company. The Data Cube includes more than 2,500 data layers and 24 billion data points.
- AGLADS: The Archean Gold Lode Alteration Detection System (AGLADS) machine learning system identifies alterations in enveloping gold lode systems in the Archean of Western Australia.
- IGROCK: A rock-type classification system capable of identifying igneous rock types using multi-element geochemical assay data.
- iDEPOSIT: A deposit-type classification system that uses multielement, geological, and mineralogical data derived from varying deposit types.
- iFERTILE: A geochemistry-based gold fertility prediction system that uses target data contained in a mineralized intersection to predict the amount of gold a potential target may contain.
- iChromite: An assessment tool providing an increased ability to quickly assess large volumes of geochemical data using automated machine learning technologies to separate fertile and barren samples in the exploration workflow.
Moonera
Moonera is one of SensOre’s two projects occurring in the Madura region of Western Australia, at the Nullarbor Plain.
Project Highlight
- Initial Findings: SensOre’s DPT system confirmed that previous interpretations of the area predicted a concealed target.
Auralia Nickel-Copper-PGE Project
The Auralia Nickel-Copper-PGE project is the second of SensOre’s two projects in the Madura region of Western Australia and comprises three exploration licenses granted to its farm-in partner CGM (WA), a subsidiary of Chalice Mining Limited (ASX:CHN). “The application of SensOre's technology to nickel, copper and lithium is generating some exciting possibilities,'' said CEO Richard Taylor.
Project Highlights
- Joint-Venture: The terms of the joint venture allow SensOre to earn 70 percent of the project as long as the company spends $3.5 million over four years, with additional stakes beyond.
- Current Focus: SensOre is currently interested in an 80-kilometer strike length anomaly, approximately 250 to 350 meters below the ground level.
Management Team
Robert Peck AM - Non-executive Chairman
Robert Peck is a founding principal of peckvonhartel architects with 50 years’ experience in the architectural, development and infrastructure sectors, and the building industry nationally and in SouthEast Asia. Peck is the former president of the Australian Association of Consulting Architects, founding director of Japara Healthcare, former chair of iVvy and director of the RVF Group.
Richard Taylor - Executive Director and CEO
Richard Taylor has held senior executive roles in the resource sector for more than 15 years. Prior to SensOre, Taylor was CEO of ASX-listed Terramin Australia Ltd and held senior roles with Mineral Deposits Limited, PanAust, MMG and Oxiana Ltd specializing in business development, strategy and governance. He is a qualified lawyer. He holds an MBA from the University of Cambridge and a Master's degree in Law from ANU.
Robert Rowe - Executive Director and COO
Robbie Rowe has more than 30 years of experience in gold and copper exploration from greenfield to mining environment. He was the former chief geologist and VP of exploration Australia Africa Asia Pacific region with Barrick Gold Corporation. He is an UNCOVER executive and from 2014 to 2019 was an independent consultant to the mining industry, government and academia. Rowe is responsible for the acquisition of new data sources and for managing the execution of field exploration programs for technology validation.
Adrian Manger - Non-executive Director
Adrian Manger is a senior business executive with 30 years of minerals industry experience, including 20 years in executive roles with BHP. Manger has founded and successfully commercialized private Australian, Chilean and Peruvian mineral exploration companies, including investment financing and joint ventures with majors. He was a founding board member of the Australia Colombia Business Council and is the chairman of the recently Canadian Securities Exchange listed Pampa Metals.
HPA Micro Plant Delivers Impressive New 4N Results
- ChemX’s High Purity Alumina (HPA) Micro Plant delivers highest quality result of 39ppm impurities (4N, 99.99% HPA) across 66 elements
- Subsequent batches cementing above 4N (99.99%) purity capability
- High 4N capability enabling synthetic sapphire opportunities
- ChemX refocusing Micro Plant team on Construction and Commissioning of HPA Pilot Plant which is on track for first commissioning in Q1 CY2024
ChemX’s 100%-owned HiPurA® chemical feedstock process has delivered its highest quality result of 39ppm impurities (99.996% purity) across an impressive 66 element spectrum.
Additional results include 66ppm, 61ppm and 99ppm. Full assay results (Appendix A) and Table 1 in compliance with JORC Code 2012 are appended.
These results reflect the continuous improvement to selectively remove key impurities and provide ever improving product quality. Recent investment in high precision analytical equipment will further aid ChemX to develop new methods to improve product purity and minimise reliance on external laboratories. This will dramatically reduce assay turnaround times and will support the commissioning of the full-scale pilot plant in 2024.
The Micro Plant has achieved its purpose. ChemX will now refocus the team on construction and commissioning of the HPA Pilot Plant. The intended purpose for the larger scale Pilot Plant will be to match or improve the HPA purity results achieved by the Micro Plant.
Chief Executive Officer, Peter Lee commented:
“ChemX has now achieved a HPA level of purity that is beyond 4N (99.99%) and have notably recorded a single result that has outperformed our previous best (reduction of impurities) by over 50%, across 66 elements.
These significant results demonstrate the unique capability of the HiPurA® process and the rigour that ChemX has undertaken to scale up from Laboratory to Micro Plant scale. Following construction, commissioning and optimisation of the HPA Pilot Plant, the stage will be firmly set for HPA customer qualification.”
Analytical methods Notes:
1) Analysis conducted by LabWest Minerals Analysis Pty Ltd. (NATA accredited Laboratory)
2) Analysis Method – Microwave Digest, HF/Multiacid, 66 Elements including REE’s by ICP-MS/OES.
3) Complete analysis provided in Appendix A
Figure 1 – Optimisation of a small module of the HiPurA® Micro Plant
About the HiPurA® 100% owned process
CMX’s HiPurA® process is a disruptive flowsheet which converts aluminous chemical feedstocks through selective refining to HPA. Ultimately, CMX aims to achieve the delivery of 4N high grade and potentially 5N (99.999%) HPA products for the electric vehicle battery separator and synthetic sapphire markets, LEDs, semi-conductor and optical lenses.
The HiPurA® process is modular, scalable and independent of direct mine production, which enables ChemX to locate key future production facilities around the world close to customers in a just-in-time customised approach.
Click here for the full ASX Release
This article includes content from ChemX Materials, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
